John W. Dietrich Acquires 1,000 Shares of FedEx Co. (NYSE:FDX) Stock

FedEx Co. (NYSE:FDX) EVP John W. Dietrich bought 1,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was bought at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the purchase, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at $2,484,176.66. The trade was a 12.40 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

FedEx Trading Down 0.1 %

FedEx stock opened at $274.62 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The firm has a market cap of $66.14 billion, a PE ratio of 16.94, a P/E/G ratio of 1.18 and a beta of 1.20. The stock’s 50 day simple moving average is $283.86 and its two-hundred day simple moving average is $284.40. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating the consensus estimate of $3.88 by $0.17. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The company had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. During the same quarter last year, the business earned $3.99 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. Analysts anticipate that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.01%. The ex-dividend date was Monday, December 9th. FedEx’s payout ratio is currently 35.18%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. First Hawaiian Bank increased its stake in shares of FedEx by 5.5% during the fourth quarter. First Hawaiian Bank now owns 15,143 shares of the shipping service provider’s stock worth $4,260,000 after purchasing an additional 786 shares in the last quarter. Birch Capital Management LLC increased its stake in FedEx by 161.3% during the 4th quarter. Birch Capital Management LLC now owns 15,549 shares of the shipping service provider’s stock worth $4,374,000 after buying an additional 9,599 shares in the last quarter. Oliver Luxxe Assets LLC raised its stake in FedEx by 2.2% in the 4th quarter. Oliver Luxxe Assets LLC now owns 17,617 shares of the shipping service provider’s stock valued at $4,956,000 after purchasing an additional 378 shares during the last quarter. CWA Asset Management Group LLC lifted its holdings in FedEx by 52.2% in the 4th quarter. CWA Asset Management Group LLC now owns 6,563 shares of the shipping service provider’s stock valued at $1,846,000 after purchasing an additional 2,251 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its stake in FedEx by 2.5% during the 4th quarter. Central Pacific Bank Trust Division now owns 4,125 shares of the shipping service provider’s stock worth $1,160,000 after purchasing an additional 100 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FDX shares. Bernstein Bank boosted their price objective on shares of FedEx from $305.00 to $337.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. upped their price target on FedEx from $370.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday. Morgan Stanley downgraded FedEx from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $215.00 to $200.00 in a research note on Friday, September 20th. BMO Capital Markets increased their price target on FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Finally, Stephens dropped their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.61.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.